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Maktari closes gold bullion deal worth $11.7 billion

Apart from Saudi Arabia’s oil and gas reserves, there are believed to be sizeable deposits of other minerals within the Royal Kingdom. Mr M L A Maktari the broker appointed for and on behalf of a private investor within Saudi Arabia has just closed and reserved for the next 3 years gold bullion to the value of just under $11.7 billion. Most of these deposits are within Switzerland as holding is restricted within Saudi Arabia. Maktari was refe... [more]

BullionVault growth accelerates as credit crunch pushes savers into gold bullion

BullionVault.com has announded it has accelerated its growth in the third quarter as the global credit crunch sparked a move into bullion by cash savers. Gold holdings by volume grew by more than one-fifth between July and October. BullionVault now looks after more than $102 million in gold and cash on behalf of private individuals based in 78 countries worldwide. At the end of September 2007, the gold held by BullionVault's customers had i... [more]

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Other Gold news

Montana's Stillwater buying Toronto metals company

Stillwater Mining Co. is buying Marathon PGM Corp. for $118 million to gain control of the Canadian company's Ontario precious metals reserve and other properties, the companies announced Tuesday.

Gold Seeker Weekly Wrap-Up: Gold Ends 1% Higher on the Week While Silver Soars Over 4% to a 30 Month High

Gold climbed to as high as $1253.85 in London before it fell all the way to $1238.04 in early New York trade after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.16%. Silver fell to as low as $19.41 by about 9AM EST, but it then stormed to a 30 month high of $19.91 by midday and ended with a gain of 1.69%. Silver’s ...

GLD Sham....WOW!

Ahhh, the curves life throws at you sometimes still amaze me! I’d worked all summer in anticipation of taking a two week vacation...now.

Gold Seeker Closing Report: Gold and Silver Gain With Oil and Stocks

Gold traded mostly slightly higher in Asia and London and rose to as high as $1253.05 by about 9:30AM EST in New York before it fell back off a bit in choppy trade into the close, but it still ended with a gain of 0.43%. Silver climbed to a new 3 month high at as high as $19.66 before it also fell back off slightly in the last 4 hours of trade, but it still ended with a gain of 0.83%.

Coastal Pacific Mining Corp. Announces Appointments to the Board of Directors

CALGARY, AB--(Marketwire - September 2, 2010) - Coastal Pacific Mining Corp. ( OTCBB : CPMCF ) (the "Company") announces that on August 26, 2010, Mr. Berscht notified the Company of his retirement and has resigned as a director and officer of the Company. Mr. Joseph Bucci, a current director of the Company has been appointed President and Secretary-Treasurer of the Company and will fill the role ...

Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%

Gold traded mostly slightly lower in Asia and London before it jumped higher in early New York trade and saw an over $10 gain at $1247.35 ahead of a slight dip midmorning, but it then advanced to new highs in the last few hours of trade and ended near its last minute high of $1249.75 with a gain of 0.86%.

Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks Fall

Gold traded within a tight range of $1233.10 to $1238.18 and ended with a gain of 0.08%. Silver climbed to as high as $19.19 and fell to as low as $18.91 before it bounced back higher and ended unchanged on the day.

PRECIOUS-Gold in 3-day rally as prices hit fresh 2-mth peak

PRECIOUS-Gold in 3-day rally as prices hit fresh 2-mth peak

Metals and Mining Review - August 2010

While the slow economic recovery is a significant factor in short-term decisions regarding M&A activity, mining companies expect to make acquisitions over the next three years.

PRECIOUS-Gold dips as rally loses steam; U.S. data eyed

PRECIOUS-Gold dips as rally loses steam; U.S. data eyed




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